| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 41st | Fair |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1365 Springmill Rd, Mansfield, OH, 44903, US |
| Region / Metro | Mansfield |
| Year of Construction | 1998 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1365 Springmill Rd Mansfield 21-Unit Multifamily Investment
A-rated suburban setting with meaningful renter concentration signals durable leasing demand; according to WDSuite’s CRE market data, household growth within the surrounding 3-mile radius points to a larger tenant base for stabilized occupancy.
Mansfield’s Springmill corridor rates highly within the metro, with the neighborhood earning an A and performing competitively among 54 Mansfield neighborhoods. Local convenience is a relative strength: grocery and pharmacy access ranks above the metro median, and cafe density is competitive, while parks and childcare options are comparatively limited. These dynamics support everyday livability for renters while suggesting some trade-offs on recreation and family services.
Construction in the area trends early‑1990s on average, and this property’s 1998 vintage is somewhat newer than the local norm. Investors can position the asset as relatively competitive versus older stock, while planning for targeted system updates and interior modernization consistent with a late‑1990s build.
Tenure patterns indicate depth in rental housing: the neighborhood’s share of renter‑occupied units is elevated for the metro, reinforcing a broad tenant base and supporting leasing velocity. Neighborhood occupancy has improved over the past five years, which should aid retention strategies, though levels remain sensitive to product quality and pricing.
Within a 3‑mile radius, population has grown recently and households have expanded at a faster pace, pointing to smaller household sizes and an expanding renter pool. Median home values in the neighborhood sit around $173,000, indicating a more accessible ownership market relative to high‑cost metros; for multifamily operators, that can introduce some competition with entry‑level ownership, making unit quality, management, and value positioning important for pricing power.
Safety signals are mixed but improving. Compared with other Mansfield neighborhoods (54 total), crime ranks toward the higher‑incidence end, yet national comparisons place the area in the safer half of neighborhoods nationwide. Recent year‑over‑year trends show meaningful declines in both property and violent incident estimates, suggesting momentum in the right direction without implying block‑level conditions.
Regional employers within the broader commuting shed contribute to steady workforce housing demand, notably in paper products and branded foods, which can support retention for residents with longer commutes.
- International Paper Company — paper & packaging (33.9 miles)
- J.M. Smucker — branded foods (42.5 miles) — HQ
Built in 1998 with an average unit size near 1,216 sq. ft., 1365 Springmill Rd offers relatively larger floor plans and a slightly newer vintage than the neighborhood average, positioning it well against older local stock while leaving room for selective renovations. Within a 3‑mile radius, population and household growth indicate a larger tenant base over time, supporting occupancy stability and lease‑up durability as management optimizes unit mix and finishes.
Neighborhood fundamentals are supported by elevated renter concentration and everyday amenities, while metro‑relative safety ranks warrant prudent underwriting. According to CRE market data from WDSuite, neighborhood occupancy has trended upward over the past five years, and national crime comparisons sit in the safer half of U.S. neighborhoods, aligning with a steady‑demand thesis subject to disciplined operations and competitive pricing.
- Late‑1990s vintage with larger average unit sizes supports family‑oriented demand and value‑add upgrades.
- Elevated renter‑occupied share and 3‑mile household growth expand the tenant base and support occupancy stability.
- Everyday amenities (grocery, pharmacy, cafes) above metro median underpin livability and retention.
- Balanced risk: metro‑relative crime ranks warrant conservative underwriting, though national comparisons and recent declines are constructive.
- Ownership costs near the property suggest some competition with entry‑level buying, elevating the importance of unit quality and service.